TOP 10 BEST MOST -TRADED CRYPTOCURRENCIES OF 2022 SO FAR

Top cryptocurrencies are still holding on to their positions among thousands of other cryptocurrencies.

The year 2021 was one of the best times for cryptocurrencies but 2022 has brought more challenges to the sphere. The highly volatile cryptocurrency market is growing exponentially throughout the global financial world with the integration of blockchain technology. Therefore, experts always suggest crypto investors spend a minimum amount on digital tokens. Top cryptocurrencies are still holding on to their positions among the thousands of other cryptocurrencies. But today we are talking about the most traded cryptocurrencies of 2022 so far. Bitcoin’s popularity surged in 2020 and 2021 due to growing price levels, but nevertheless, it wasn’t the most traded cryptocurrency on online exchanges. This article features the top 10 most traded cryptocurrencies of 2022.

Tether

Tether is one of the top cryptocurrencies providing stability to crypto investors in crypto wallets. It is popular for being pegged to fiat currencies and is supported by the US dollar. The main focus of this cryptocurrency is to offer a fixed-rate transaction to crypto investors in the volatile cryptocurrency market. Tether is the most traded cryptocurrency of 2022 leaving behind the top cryptocurrencies like Bitcoin and Ethereum.

Bitcoin

There’s absolutely no surprise whatsoever that Bitcoin still reigns as the world’s most popular cryptocurrency. If Bitcoin were a company, it would be bigger than Meta Platforms (formerly known as Facebook) and Tesla. Bitcoin continues to enjoy the advantage of being the first cryptocurrency. It’s more widely accepted than any other digital coin, mainly because it’s been around longer.

Ethereum

Ethereum is the second most popular cryptocurrency after Bitcoin but when it comes to the most traded cryptocurrencies of 2022 then Ethereum is at no. 3. The key edge for Ethereum is its real-world utility. Its blockchain supports smart contracts that can be used in a wide range of applications. In particular, Ethereum is well-suited for creating non-fungible tokens (NFTs).

Binance USD

Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website. Launched on 5 Sep 2019, BUSD aims to meld the stability of the dollar with blockchain technology. It is a digital fiat currency, issued as ERC-20 and supports BEP-2.

Bitcoin Cash

Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split further into two crypto currencies: Bitcoin Cash and Bitcoin SV.

USD Coin

USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin. You can always redeem 1 USD Coin for US$1.00, giving it a stable price. On Coinbase, eligible customers can earn rewards for every USD Coin they hold. Each USDC is backed by one dollar or asset with equivalent fair value, which is held in accounts with US-regulated financial institutions.

Terra

Many crypto experts find Terra (LUNA) a very attractive cryptocurrency because Terra (LUNA) has great potential and ambition as a medium of exchange and payment. Another reason, Terra (LUNA) has entered the top 10 leading crypto currencies by market cap. It is also one of the most cryptocurrencies of 2022.

Waves

Waves is a multi-purpose blockchain platform that supports various use cases including decentralized applications (DApps) and smart contracts. Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility, and user-friendliness.

Solana

Solana is fundamentally the most popular cryptocurrency. Solana network is focusing on fast transactions and high throughput. Solana is working on a unique mechanism that is helping in transaction speed. Solana is known as one of the competitors of Ethereum with the capability of processing over 50,000 transactions per second.

BNB

Binance was launched in 2017 and in a very short period of time, it has emerged as one of the most adopted cryptocurrency exchanges in the world. Numbers suggest that Binance records the most daily activity of any crypto exchange and provides a plethora of features. Binance offers an extraordinary set of toolkits for crypto investors. BNB is one of the most traded cryptocurrencies of 2022 so far.